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Australia Publishes Draft Bill for Adjustment to Tax on Certain Payments or Credits Paid to Indian Firms

|Treaty Development|Australia-India
Australia-India

The Australian Treasury has published the Treasury Laws Amendment (Measures for Consultation) Bill 2022: Adjustment to tax on certain payments or credits paid to Indian firms, which was open to a brief consultation. The draft bill provides for the implementation of amendments to stop the taxation of offshore income of Indian firms providing technical support services to Australia under the 19…